Schedule M1M: Line 33 gives me perpetual error no matter what number is input, including 0. Anyone know how the MN State reduction for the rebate is suppose to work inside the program. Error reads that it cannot be different than the federal amount. 1099 for $520 was included in federal return, but program will not let me deduct the $520 on the Minnesota M1M, or let me input any number into Line 33, including 0.
Mine was working just fine until today, Thursday, Feb 8....
Now I'm getting the same error message....
They updated Mn yesterday so what was working well before no longer works that way. To get things to flow correctly I had to create a 1099misc form on the federal to get the state subtraction to flow correctly
@IRonMaN Did IRS issue any official opinion on whether this is taxable? Last year they waited until February 14 to tell people to forget about the California MCTR. And in Arizona all we have is what unnamed people at National Office told a Department of Revenue lawyer on a Zoom call.
@BobKamman wrote:
And in Arizona all we have is what unnamed people at National Office told a Department of Revenue lawyer on a Zoom call.
Is that slightly more or slightly less authoritative than a tweet?
@rbynaker About the same -- courts will say even when IRS is brave enough to put its position in writing, it's just one side of the argument. But there are always those who, when IRS says "Jump," will ask "How high?"
@BobKamman - I saw in the news the other day that the IRS told MN tough nuggies.
@IRonMaN The only news I could find this week was a rehash by a clueless Kiplinger's rewrite reporter who was regurgitating a December news story. That was based on some word-of-mouth by your governor complaining about what some nameless IRS source told some nameless Department of Revenue source.
The December article explained, "The IRS noted that the federal pandemic emergency declaration ended on May 11, 2023; Minnesota’s Legislature didn’t give final approval of its rebate until May 21, with the governor’s signature coming on May 23. Walz said the cutoff irked him."
In Arizona, our governor signed the legislation on May 11 (the last day of the pandemic disaster declaration). So IRS can't use that excuse here. Fact is they don't have any excuse, in either state. If they don't get around to admitting it, the courts will help them with it.
@IRonMaN OK, I found the letter that Commissioner Werfel sent to a member of Congress about this, last month. Not Treasury Regulations. Not a Revenue Ruling or any other published IRS guidance. Just the opinion of a career bureaucrat.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.